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January 31, 2007
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AIG’s National Union Fire Insurance Company of Pittsburgh, Pa. Introduces Investment Banking Engagement Insurance

by Business Wire - Jan 31,2007

Investment Banking Engagement Insurance Allows Investment Banks to Secure E&O Insurance Policies for Services Performed on Specific Transactions National Union Fire Insurance Company of Pittsburgh, Pa.® (National Union), a member company of American International Group, Inc. (AIG), today announced the ... [full story]

NAICOM to safeguard Insurance sector

by The Tide Online - Jan 31,2007

The Commissioner for Insurance, Chief Emmanuel Chukwulozie, has assured operators in the insurance industry that the National Insurance Commission (NAICOM) would do all that is within its powers to safeguard the integrity of the industry through thorough supervision and ... [full story]

Oil Falls From Four-Week High on Signs Stockpiles Sufficient

by - Jan 31,2007

Crude oil fell from a four-week high in New York on speculation above average U.S. fuel stockpiles are sufficient to meeting rising demand in the nation's economy. Oil surged above $58 a barrel yesterday after a report showed the U.S. ... [full story]

Spanish insurer Mapfre eyes U.S. non-life, car insurance acquisitions

by - Jan 31,2007

Spanish insurer Mapfre (MAP.MC) is looking to strengthen its presence in the U.S. by acquiring one large or several small insurers in the non-life segment. Domingo Sugranyes, Mapfre's vice chairman, said the company wants to build a proper insurance business ... [full story]

New Features in Pacific Life’s Flex XIV Life Insurance Policy Address Employers’ Concerns

by Business Wire - Jan 31,2007

Retirement planning… employee turnover…changes in cash flow – these are among the main concerns of today’s small business owner. Pacific Life Insurance Company recently introduced Flex XIV (policy form no. P06F14), a whole life insurance product with features that address ... [full story]

FDIC extends moratorium on nonfinancial bank applications

by Daily Record - Jan 31,2007

The Federal Deposit Insurance Corp. on Wednesday extended for one year a moratorium on considering nonfinancial companies’ applications to establish or acquire banks. The decision puts on hold pending applications from companies including Wal-Mart Stores Inc., Home Depot Inc., DaimlerChrysler ... [full story]

Travelers halts policies for some homeowners

by - Jan 31,2007

Insurer is latest to cite liability risks if major predicted storm hits; state department says it is "concerned" With New York State Insurance Department officials expressing concern, Travelers has become the latest insurer that will limit homeowners policies on Long Island. [Clarification: ... [full story]

Legislative leader says state may have to set health insurance rates

by Boston Business Journal - Jan 31,2007

The state may have to step in and set health insurance rates if insurers are unable to create cheaper plans on their own to comply with Massachusetts' historic bid to expand coverage, a leading legislator warned on Wednesday. "They need ... [full story]

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